Explore topic-wise MCQs in Economics.

This section includes 1267 Mcqs, each offering curated multiple-choice questions to sharpen your Economics knowledge and support exam preparation. Choose a topic below to get started.

451.

The first level of output at which the long run average cost are minimized is called ?

A. The Minimum Efficient Scale
B. The Minimum External Scale
C. The Maximum External Scale
D. The Maximum Effective Scale
Answer» B. The Minimum External Scale
452.

The first European people to form a nation were is________________?

A. Scots
B. Picts
C. Slavs
D. English
Answer» E.
453.

The first airplane was a (n)________________?

A. discovery
B. invention
C. diffusion
D. miracle
Answer» C. diffusion
454.

The “feminization of poverty ” refers to________________?

A. the fact that most men are rich
B. an equal number of men and women being poor now
C. the fact that female-headed households are usually poor
D. the fact that women are more blessed than men in spite of poverty
Answer» D. the fact that women are more blessed than men in spite of poverty
455.

The female role as a passive and domestic creature may be conditioned by_______________?

A. children’s picture books
B. stress on male sports in school
C. TV ads showing women as domestics
D. all of the above
Answer» E.
456.

The federal system is contrasted with a (n)_______________?

A. unitary system
B. confederate system
C. catholic system
D. BOTH unitary and confederate systems
Answer» E.
457.

The Federal Reserve Bank regulates the money supply by__________________?

A. establishing minimum reserve requirements of member banks
B. the discount rate it charges member banks
C. buying and selling government securities
D. all of the above
Answer» E.
458.

The federal system has worked particularly well in_________________?

A. large sized countries with regional differences
B. small homogeneous countries
C. small urban industrial countries
D. large homogeneous single religion countries
Answer» B. small homogeneous countries
459.

The federal government has increased its responsibilities at the local level because_____________?

A. the states inefficiency
B. the tenth amendment
C. urban influence on the states
D. excess state revenues
Answer» B. the tenth amendment
460.

The favorable evaluation of presidents is based on______________?

A. the caretaker role
B. strict adherence to the written Constitution
C. dynamic political leadership
D. the teflon principle
Answer» D. the teflon principle
461.

The family today influences_______________?

A. production activities
B. attitudes on politics
C. hospitalization rates
D. none of the above
Answer» C. hospitalization rates
462.

The family is the prime example of a(n) ?

A. Gesellschaft
B. secondary group
C. voluntary group
D. primary group
Answer» E.
463.

The family into which you were born is called_________________?

A. my family
B. the family of procreation
C. the family of origin
D. the family of orientation
Answer» E.
464.

The family-and particularly marriage-binds its members through_______________?

A. interfaith competition
B. legal and economic bonds
C. educational functions
D. class conflict
Answer» C. educational functions
465.

The failure of rising expectations is related to______________?

A. a general rise in the standard of living for all segments of society
B. a rapid decline in the standard of living
C. false advertising and credit expansion
D. dissatisfaction based on relative deprivation
Answer» E.
466.

The failure of the League of Nation______________?

A. occurred after President Wilson,s stroke
B. was due to the Republican Senate,s opposition
C. illustrated that national interest is more important than collective security or moral opposition to aggression
D. was due to Marxism-Leninism
Answer» D. was due to Marxism-Leninism
467.

The factory system_________________?

A. was introduced when it became convenient to house both workers and machinery under one roof
B. gave more power to the employers called entrepreneurs
C. was an American invention popularized through cultural diffusion
D. resulted from BOTH the convenience of housing workers and equipment together and gave more power to the entrepreneurs
Answer» E.
468.

The factors influencing the political behavior of American voters include ?

A. mass media
B. socialization
C. social class
D. all of the above
Answer» E.
469.

The fact that pizza is now a popular American food is due to________________?

A. cultural lag
B. technological innovation
C. cultural diffusion
D. sociocultural drift
Answer» D. sociocultural drift
470.

The experience of loss or impending loss of a person to whom one is close is called______________?

A. disengagement
B. displacement
C. bequeath Ent
D. bereavement
Answer» E.
471.

The expectations people have regarding how husbands and wives ought to behave are called marital______________?

A. norms
B. illusions
C. orders
D. scripts
Answer» E.
472.

The exchange system is based on_______________?

A. government reaction
B. supply and demand
C. lack of labor
D. goods and service
Answer» C. lack of labor
473.

The evaluation that a certain phenomenon is good beautiful moral right and therefore desirable is termed a_______________?

A. norm
B. guideline
C. folkway
D. value
Answer» E.
474.

The ethnic groups among whom arranged marriages are common include______________?

A. Indians (natives of India)
B. Hasidic Jews
C. Muslim
D. All of the above
Answer» E.
475.

The end of the Cold war_________________?

A. raised new concerns about nuclear proliferation
B. has shifted American policy toward cooperative internationalism
C. created new possibilities for the world balance of power
D. All of the above
Answer» E.
476.

The emphasis on rural virtues__________________?

A. has been reinforced by recent studies
B. is based on stereotypes
C. helped democratic representation in the states
D. gave urban dwellers an inferiority complex
Answer» C. helped democratic representation in the states
477.

The emergence of the self as a result of interaction with others is a common thread in ALL BUT ONE of the following theories ?

A. Lookingglass self
B. symbolic interactionism
C. behaviorism
D. developmental theory
Answer» D. developmental theory
478.

The emergence of the sate as a result of a “social contract” is the hypothesis found in the work of________________?

A. Talcott Parsons
B. Thomas Hobbes
C. Karl Marx
D. Jean-Jacques Rousseau
Answer» C. Karl Marx
479.

The elitist school of thought asserts that______________?

A. the elite is not always against the masses
B. the elite always works against the public interest
C. the elite displays a monolithic power structure
D. the masses should rebel against the elite
Answer» B. the elite always works against the public interest
480.

The elderly are a minority because them________________?

A. are a small percentage of the population?
B. are physically weak
C. lack power
D. cannot defend themselves
Answer» D. cannot defend themselves
481.

The ecosystem is__________________?

A. the way inanimate objects are placed into the natural system
B. a systematic application of the economy
C. the way living things interact and interrelate with each other and their environments
D. what Hobbes called the “state of nature”
Answer» D. what Hobbes called the “state of nature”
482.

The economic participant who decides how to use the factors of production and for what purpose in called a________________?

A. firm
B. household
C. market
D. product
Answer» B. household
483.

The earliest and least complex society was___________?

A. agrarian
B. pastoral
C. hunting and gathering
D. horticultural
Answer» D. horticultural
484.

The double standard in the behavior of people in society is acknowledged by the existence of a(n)?

A. overt and covert culture
B. moral and immoral culture
C. legal and illegal culture
D. ethical and unethical culture
Answer» B. moral and immoral culture
485.

The dominant group in a society is the one that is the_________________?

A. most powerful
B. subordinate
C. largest
D. oldest
Answer» B. subordinate
486.

The discipline that studies such disparate subjects as the environment religion politics criminality organization and so on is______________?

A. history
B. sociology
C. political science
D. psychology
Answer» C. political science
487.

The difficulty with fighting terrorism is that_________________?

A. terrorists have no single ideology
B. terrorism is a transnational problem
C. terrorists have differing goals
D. all of the above
Answer» D. all of the above
488.

The differences in behavior between men and women______________?

A. are due strictly to biology
B. are due strictly to culture
C. are due both to biology and culture
D. are the product of totalitarian governments?
Answer» D. are the product of totalitarian governments?
489.

The difference in the three most prevalent economic systems lies in how ?

A. the people respect the government
B. much the government interferes in the economy
C. profits are made
D. easy it is become rich
Answer» C. profits are made
490.

The difference in attitudes of whites and African Americans is related to_______________?

A. age
B. social status
C. social class
D. none of these
Answer» B. social status
491.

The difference between racial minorities and ethnic minorities is_______________?

A. in the size of each group
B. ethnic minorities do not suffer from discrimination but only from prejudice
C. racial minorities differ biologically ethnic minorities differ culturally from the dominant group
D. racial minorities have been here longer than ethnic minorities
Answer» D. racial minorities have been here longer than ethnic minorities
492.

The difference between government and state is that________________?

A. government is symbol state is the process
B. government is a process that includes the people who exercise political power
C. the state is an abstract symbol of the political institution
D. government is a process and the state is an abstract symbol
Answer» E.
493.

The difference between goes investment and net investment is ?

A. Depreciation
B. Acceleration
C. Declaration
D. Capital investment
Answer» D. Capital investment
494.

The difference between an average worker’s salary and that of the average CEO has_______________?

A. gradually narrowed
B. remained stable
C. slightly increased
D. greatly increased
Answer» E.
495.

The dialectic is based on_____________?

A. two extreme positions giving rise to a middle position
B. polarization forcing societies to split up
C. conflicts between rich and poor countries
D. imperialism being destroyed by capitalism
Answer» B. polarization forcing societies to split up
496.

The development of modern culture is CHIEFLY dependent upon ?

A. bifocalism
B. upright posture
C. grasping ability of the hand
D. complex symbolic communication
Answer» E.
497.

The desert and semi-arid regions of the Middle East are resource-poor except for_______________?

A. dates
B. oil
C. uranium
D. coal
Answer» C. uranium
498.

The Department of Health and Human Services has summarized the “correct” mix of goods and services through ?

A. “market basket of goods
B. the consumer price index
C. 165 social indicators
D. the externalities index
Answer» D. the externalities index
499.

The Democrats lost the presidential elections in 1984 and 1988 because of______________?

A. split ticket voting
B. huge political gaffes
C. loss of direct contact with the electorate
D. running the wrong candidates
Answer» E.
500.

The democratic state is based on the social contract theories of Locke and Rousseau These theories maintain that ?

A. people must obey the rulers at all times
B. the rulers govern at the direction of God
C. the people allow themselves to be governed for their own good
D. a society cannot exist without authoritarian rulers
Answer» D. a society cannot exist without authoritarian rulers